Corporate
Thin margins narrow MerryMart 2023 income
MerryMart Consumer Corp. on Monday reported 2023 income falling 28 percent to P406.81 million from previous year’s P569.75 million on thinning margins of its wholesale business.
Easter holidays undermine Wilcon earnings in 1Q
The extended Easter holidays in March this year undermined sales of Wilcon Depot, Inc., the country’s leading home improvement and finishing construction supply retailer, sending its first quarter-net income falling 23 percent to P740 million.
Settlement claims, asset sale proceeds help boost ICTSI 1Q income 36% higher
The International Container Terminal Services, Inc. (ICTSI) reported a strong first-quarter performance this year with net income jumping 36 percent to USD209.88 million.
Maynilad commits prompt repairs under satellite-enabled water leak identification system
West Zone concessionaire Maynilad Water Services Inc. now uses satellite imagery and artificial intelligence to detect underground pipe leaks consistent with its goal of reducing network losses and recover more water for distribution.
Roxas and Co. raises P599 million from sale of treasury shares
Roxas and Co. Inc., a listed investment holding company, said Monday it raised around P599 million from the sale of treasury shares to fund working capital and expansion projects.
